Legacy Wealth Management LLC MS Acquires 1,933 Shares of Microsoft Co. (NASDAQ:MSFT)

Legacy Wealth Management LLC MS boosted its position in Microsoft Co. (NASDAQ:MSFT) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,895 shares of the software giant’s stock after buying an additional 1,933 shares during the period. Microsoft makes up 7.1% of Legacy Wealth Management LLC MS’s holdings, making the stock its 2nd biggest holding. Legacy Wealth Management LLC MS’s holdings in Microsoft were worth $19,318,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. WFA Asset Management Corp increased its stake in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. grew its position in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares in the last quarter. Nicholas Investment Partners LP boosted its stake in Microsoft by 3.0% in the second quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after acquiring an additional 1,164 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Microsoft by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 638,443 shares of the software giant’s stock valued at $285,352,000 after acquiring an additional 3,266 shares during the last quarter. Finally, Founders Financial Securities LLC lifted its stake in shares of Microsoft by 7.7% during the 2nd quarter. Founders Financial Securities LLC now owns 31,291 shares of the software giant’s stock valued at $13,985,000 after buying an additional 2,236 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 0.5 %

Shares of MSFT stock opened at $408.43 on Friday. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35. The stock has a market cap of $3.04 trillion, a P/E ratio of 32.88, a P/E/G ratio of 2.21 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $429.47 and a two-hundred day simple moving average of $423.04.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the company earned $2.93 earnings per share. On average, research analysts expect that Microsoft Co. will post 13.07 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft’s dividend payout ratio is 26.73%.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock worth $14,333,540 over the last 90 days. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MSFT shares. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, October 18th. UBS Group dropped their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. Stifel Nicolaus increased their price target on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, KeyCorp raised their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $510.96.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.